Our reporter Li Bing
The latest data shows that 21 payment institutions have left the market during the year, among which there are many prepaid card institutions, accounting for over 80%.
The industry generally believes that the regulatory authorities continue to implement strict supervision on the payment industry. Although the number of licenses has decreased, the overall operation of the payment market is stable, and future supervision will continue to promote the healthy development of the payment market.
According to the latest information on the renewal of the "Payment Business License" for non-bank payment institutions released by the People's Bank of China, 52 of the 79 payment institutions in the fourth batch successfully completed the renewal, and another 19 failed to renew due to various reasons. The newly added 17 institutions whose licenses have been cancelled are included.
Specifically, 10 institutions including Shanghai Yifu Digital Technology Co., Ltd., Shanghai Commercial High-tech Development Co., Ltd., and Shanghai Leyi Information Technology Co., Ltd. have not submitted applications for renewal of the validity period of the "Payment Business License" and will not renew them.
In addition, the reporter noticed that among the 17 institutions that canceled the payment license this time, 14 payment institutions only hold the prepaid card issuance and acceptance license.
In addition, Shanghai Yifu Digital Technology Co., Ltd. and Kunming Kahuka Payment Technology Co., Ltd. hold digital TV payment business licenses; Shangyinxin Payment Service Co., Ltd.'s payment license business types include prepaid card issuance and acceptance and Internet payment. (Nationwide) business.
"From an industry point of view, the main reason is that the rise of mobile payment has driven changes in the overall business logic, and prepaid card payment institutions have accelerated the survival of the fittest." Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, told the "Securities Daily" reporter that the overall prepaid card industry has no new trends. Under the premise of the policy, the number of licenses will continue to shrink, and the market share will also concentrate on institutions qualified to issue and accept prepaid cards nationwide.
In fact, before the central bank updated the list of institutions that have cancelled payment business licenses, 4 institutions have voluntarily cancelled their payment licenses.
Including Shanghai Xinhua Media E-Commerce Co., Ltd., Shaanxi Post West Mail Electronic Payment Co., Ltd., Beijing Fanxing Valley Information Technology Co., Ltd., and Fujian Yintong Business Service Co., Ltd.
On the whole, 21 payment institutions have "leaved" since the beginning of this year.
The reporter noticed that 18 of the 21 payment institutions that left the market during the year had a non-national prepaid card issuance and acceptance business, accounting for more than 80%.
"Judging from the situation this year, the vast majority of institutions that have withdrawn from the market are prepaid card institutions. In recent years, due to market competition and the institutions themselves, many payment institutions have chosen to withdraw voluntarily. A good choice." Wang Pengbo said.
In terms of how small and medium-sized institutions can break through, Su Xiaorui, a senior analyst in the financial industry of Analysys, told Securities Daily, "The 'departure' of payment institutions is an important manifestation of the third-party payment industry entering a period of deep reshuffle, and the industry will survive the fittest. Speed up. For small and medium-sized payment institutions, in the context of reducing fees and giving profits and supporting the development of the real economy, payment institutions need to get rid of their excessive dependence on traditional fee income and expand through the creation of diversified businesses and even the construction of an ecosystem Income other than fees is paid to enhance the institution's own market competitiveness."
"At present, the development of the mobile payment market has become mature, the overall base is large, and the C-side traffic has gradually peaked. Small and medium-sized payment institutions should actively join the digital wave while strengthening compliance governance, seek opportunities in the era of digital economy, and actively Seek development in response to changes, and expand value-added functions through diversified services." Wang Pengbo said.
(Securities Daily)